Had a similar problem on mine.  I found that the oil pan was not properly sealed to the block (there was a small gap between the block and the pan in one spot).  It could also be coming from the dipstick tube if the dipstick is not fully seated in the tube.

 Smoke coming from engine compartment. Does it sitting still and moving. Smoke is coming from oil on the headers. Really looks like is is being sprayed there. Dipstick on other side of engine. To be the oil pan it would need to be sprayed up there. Is this possible, it is well above the seam on the oil pan. Some oil has dripped down to floor. Not red like tranny fluid or power steering fluid. I did consider brake fluid but does not seem like brake fluid and does not make sense without brakes being applied at time.
 Probably was not a smart thing to do I know but I jacked up the front end and had my wife rev to 5k with me under car looking. Saw the smoke start pouring out from area described but could not see what the problem was. Camera might work of it was high def high speed in super slow motion, it happens that fast. I also thought about coolant but it appears to be oil. A small amount of oil shows up at the back of the block where it mates to tranny, I assume being blown there by all the air from the fan. Inside bellhousing dry. Steering box seems to get a little oily. It is in line with the spot on the headers  if oil was being sprayed out from the side of the engine.
 I will go try to make sure oil pan bolts are tight. All appears dry around the oil pan.

that roller block engine has the dip stick tube hole in the block, on drivers side, by the back two cylinders.
You stated the dipstick is on the “other side” so, what was done to plug the original dip stick tube hole??

I’d check that next.....

 I found where it is leaking from. It is the bottom most part of the block several inches below the last freeze plug. There is a half moon place machined into the block and I can feel a small hole towards the bottom of the half moon. I can not see it. Anybody know what it is and what is supposed to seal it? I will try to find my  mirror. 
  Your input got me looking different places and specufically around the oil pan.

That sure sounds like the factory roller block dip stick hole, I tapped and plugged mine but a wood dowel rod will work.

Like Kar said a wood dowel would work.  Just make sure its a tight fit.   Steve69

The hole you mention is an obvious concern.  I think I've seen specialty plugs sold for this purpose when using the older dipstick hole on the cover.  I wouldn't use a wooden dowel just from the standpoint of potential longevity issues.  I'd also ensure you have adequate crankcase ventilation.  A PCV valve is a pollution control device but also helps in this regard.

Clean the inside of the hole with brake cleaner using a cotton swab until totally clean.   If you do the cleanup during your first oil change you can flush the hole with brake cleaner and let it run out the oil pan drain hole.  Do not refill with oil until all the brake cleaner has totally evaporated.

Fill the hole with RTV ultra black and let it dry. 

Permanently fixed.

Last edited by MS (3/03/2016 7:45 PM)

A 3/8" expansion plug" should fit, I used this to plug the dipstick tube hole in the timing chain cover.  These need to be driven in with a hammer (or something similar) and may be difficult to install with the headers, etc in the way.